The grain market was filled with lots of pictures this week, thanks to scouts testing Twitter’s ag photo limit by uploading shots of corn cobs as the annual Pro Farmer crop tour ran from Monday to Thursday. The tour showed numbers that came in about 5 full bushels below the U.S.D.A.’s current estimate on the average… Read More
There were no major surprises as Statistics Canada issued an updated set of acreage estimates on Wednesday morning, ahead of the USDA’s crop reports on Thursday. Lentils and canola both saw significant increases, while cereal crop acres dipped. The report was based on a survey of 24,500 farms between May 27 and June 12, 2016…. Read More
Grain markets rode the roller coaster this week as a myriad of factors played into movements across the complex. Currencies, oil prices, weather forecasts, and money flow played a part in helping the market maintain or increase elevated levels. The oilseed market had a strong finish into the close of trading for the week, as oilseeds… Read More
It’s not like there aren’t enough things for farmers to do at this time of year, but anybody who farms in Canada can add answering questions for the Census of Agriculture to their must-do list for the month of May. Forms for Statistics Canada’s mandatory farm survey have started arriving in a little over 200,000… Read More
Statistics Canada released its first crop production estimates using a new model-based methodology on Thursday. The model takes into account satellite data, as well as historical figures from the traditional StatsCan Field Crop Reporting Series and agroclimatic information. What wasn’t required in compiling the numbers was a survey of farmers. “The traditional survey relies completely on interviewing… Read More
Statistics Canada today released its estimates of principal field crop stocks to July 31, 2015, including a bearish supply estimate for the canola market (see table below). Not surprisingly, most major crop totals were down substantially year-over-year, as 2014 levels reflected the stock still in the pipeline from the 2013 bumper crop. Total stocks of wheat decreased 32.0% from… Read More
There will be less wheat and slightly less canola grown in Canada this year than what analysts were expecting, if the first production estimates from Statistics Canada are to be believed. Prior to the report’s release on Friday morning, trade guesses for total wheat production ranged from 24.8 to 27.1 million metric tonnes. StatsCan pegged all-wheat at 24.6MMT, down 15.9 percent from last year…. Read More
Grain and oilseed markets were green across the board on Tuesday after the USDA and Statistics Canada dropped a heavy load of new information into the market. The USDA released updated acreage and stocks estimates while StatsCan shared its acreage projections based on a farmer survey in early June. New crop soybean futures jumped more… Read More
Statistics Canada shared its report on 2014 Canadian farm cash receipts last week. In laymen’s terms, these numbers are an estimate of how Canadian farmers earned their income last year. (The cash receipt charts do not account for expenses or depreciation, so in no way do they reflect profit or net income.) Total farm cash receipts, according… Read More
Statistics Canada published its annual pre-seeding acreage estimates on Thursday morning. As expected, the planting intentions survey showed Canadian farmers plan to seed more wheat, oats and barley and less canola and soybeans than in 2014 (see chart.) There were some surprises in the report, as the canola acreage projection of 19.4 million acres was almost… Read More
The amount of data we can collect on farms has grown exponentially over the last decade or two. Whether it’s through yield monitors, images captured by satellites or drones, smartphone apps or RFID sensors, our ability to track and record what’s happening has come a long way from the pocketbooks of earlier generations. And there’s good reason… Read More
Traders and analysts were taken aback by some of the key numbers in the crop production report from Statistics Canada released on Thursday morning. While the market was expecting a higher canola production estimate, it was not anticipating the major increase from the StatsCan estimate of 14.1 million metric tonnes in October to 15.6 million in… Read More
While corn, soybean and wheat markets are under pressure from heavy supplies, the outlook for the canola market is relatively tight. Canadian canola production for 2014 was pegged at 14.1 million metric tonnes in the Statistics Canada crop production report published Friday morning — a slight increase from the agency’s August estimates, but below the average… Read More
There’s less canola and wheat left from last year’s bumper crop than traders and analysts thought, according to the Statistics Canada stocks report released on Friday morning. Wheat stocks as of July 31st were pegged at 9.8 million metric tonnes, up 94 percent from the same time last year, but generally below expectations. Canola supplies… Read More
Statistics Canada’s July, 2014 report of principal field crops echos what many farmers and analysts have already concluded — 2014 most certainly won’t be a repeat of 2013. Of note, farmers are set to harvest the most acres of soybeans ever planted in the country — a million more than 2013. Manitoba farmers may harvest… Read More
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